Boliden Group (Boliden) is a Swedish mining and metals company that explores, mines, smelts, and recycles base and precious metals. Its operations span Sweden, Finland, Norway, and Ireland, with major mines including Aitik (copper), Garpenberg (zinc-lead-silver), Kevitsa (nickel-copper), and Tara (zinc). Boliden’s smelters include Rönnskär (copper and precious metals recovery, including e‑scrap) in Sweden, Harjavalta (copper and nickel) and Kokkola (zinc) in Finland, and Odda (zinc) in Norway. The company’s product portfolio includes zinc, copper, nickel, lead, gold, and silver, along with industrial by-products.
Boliden supplies refined metals, concentrates, and intermediate materials to manufacturing and process industries, including chemical producers. Its smelting operations generate sulfuric acid and other by-products used in chemical value chains. The company also focuses on metals recycling, particularly electronic scrap and other secondary raw materials, and conducts ongoing exploration and project development within the Nordic region and Europe.
chemXplore tracks 6 projects involving Boliden, of which one is active.
Boliden's role on them: Owner, Investor / Financier, Operator, and Developer.
1 new construction.
Targeting: Copper (1), Gold (1), Molybdenum (1), Silver (1)
Deal uses a 0.25 share exchange valuing Nexa at ~USD 2.03bn equity (USD 3.67bn EV); closing targeted Q1 2027 with a VTO for remaining shares and USD 2.0bn bridge financing.
Government rejected appeals, keeping the Laver concession intact; the deposit could double Sweden’s copper output and boost Europe’s copper self-sufficiency by about 10%.
March seismic activity damaged the upper Lappberget ore body and infrastructure (ventilation, compressed air, water, power, backfill) and some mobile equipment. Production halt cuts Q1 EBITDA ~SEK 400m
Seismic activity eased; limited production restarts in Q2 at ~100 kt/month. Major damage in an ore body delays some mining into 2026. Q1 EBITDA impact -SEK400M; zinc grade slightly down.
SEK 4bn hoist at Garpenberg to keep 4.5 Mt/yr past 2030; SEK 1.5bn Rönnskär demo plant (280 kt/yr SCMentum) 2026–28. SCM emits <5% of cement CO2; exploration continues.
Garpenberg mine evacuated March 14 after heightened seismic activity; concentrator stopped March 15. Inspections began March 18; gradual restart pending inspections; timing and impact unknown.
A rock fall at Garpenberg mine led to injuries and evacuation due to increased seismic activity. Production halted pending safety inspections.
Finnish mining tax hike affects 285 jobs and halts a EUR 1 billion investment decision. Change talks to conclude in six weeks, impacting all 500 employees.
